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ExxonMobil disputes EC’s pre-merger calculation of wax cartel fine

By Lewis Crofts ( March 21, 2011, 15:39 GMT | Insight) -- ExxonMobil today told the EU’s General Court that the European Commission miscalculated a 83.6 million euro fine on its French business, by failing to take into account the differing involvement of certain units before the 1999 merger of Exxon and Mobil. The commission argued that the circumstances of the merger were “not exceptional” and did not justify “deviating” from the established way fines are calculated.Luxembourg – ExxonMobil today told the EU’s General Court that the European Commission miscalculated a 83.6 million euro fine on its French business by failing to take into account the differing involvement of certain units before the 1999 merger of Exxon and Mobil....

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